End of rally ?

Nifty50 has made a big red candle on Daily chart but after that market recoverd more than 61.8 % of the red candle which makes this candle as just a shakeout candle. One more upmove is likely to be there. RSI has yet not made any negative divergence. I expect Nifty future to move up gradually but RSI to lag in recent upmove which might result in negative divergence. So now short term trade should be more cautious and try to book profit on new highs.

Disc: It's not an investment advise to buy or sell